Business

Supply chains are still a snarled mess, disrupting deliveries of goods to businesses and feeding the worldwide surge in inflation. The good news: There are some indications that the situation is beginning to get better. The bad news: Huge risks—from another spike in coronavirus cases to labor disputes involving US rail workers—make it difficult to […]

China’s economy failed to reach its quarterly growth rate of 6% in over two years, before the effects of an ongoing nationwide lockdown weakened the country’s economy. Gross domestic product in the world’s second-largest economy expanded by just 0.4 percent during the quarter that ended on June 30, 2019, according to the National Bureau of

Bill Gates is transferring $20 billion of his wealth to the Bill and Melinda Gates Foundation, which is ramping up its spending in the face of global challenges, including the pandemic and the conflict in Ukraine. The Bill and Melinda Gates Foundation, one of the world’s largest philanthropies, plans to increase its annual payouts by

The still-strong economy has yet to shake off the effects of recession fears, though investors and the Federal Reserve will be closely reading the details of Friday’s job numbers for any indications that a recession is developing. The month to month government work depiction from the Bureau of Labor Statistics is supposed to show proceeded

At Monday’s talks, the United States and China examined large challenges facing the global economy amid growing speculation that some Trump-era tariffs might be cancelled in order to minimize inflation and encourage growth. US Treasury Secretary Janet Yellen and Vice Premier Liu He of the People’s Republic of China had a “substantive conversation” over the

Plans to create a media company for former President Donald Trump have appeared to run into another snag. Digital World Acquisition Corp., the SPAC that agreed to merge with Trump Media & Technology Group, said in a regulatory filing Monday that its board members had received subpoenas from a federal grand jury in the Southern

The pandemic provided a fresh source of purchasers for the Stock Market, and many original traders are now facing their first big downturn. Some Millennials and Gen Z-ers found themselves jobless during the Great Recession, yet flush with cash through stimulus programs and increased federal unemployment payments. The market crash was an easy entry point

JPMorgan Chase CEO Jamie Dimon says a financial storm is coming. Tesla’s Elon Musk says he has a “downright terrible inclination” about a downturn. Organizations are downsizing their profit conjectures. Gracious, and we’re amidst an energy and expansion emergency, and stocks have been playing with a bear market. Having a hopeless outlook on the economy

Amid Russia’s increasingly aggressive actions against its European Union gas customers, the gas industry is taking a toll. Over a quarter this year, the nation’s natural gas exports have fallen by over a fifth. However, higher prices have kept Russia’s coffers full even while it’s cut off deliveries. Russia has made it a policy to

Unilever, a brand behind such items as Dove soap, Hellmann’s mayonnaise, and Vaseline, is making a major change in New York City. Unilever (UL) announced Monday that Nelson Peltz, one of the most influential corporate raiders on Wall Street, will join the company’s board of directors. Peltz’s private investment fund owns a 1.5% stake in